Robinhood, the popular US-based stock trading app, has expanded its services to the European market. The company recently announced its launch in the UK and has now made its platform available to European users as well. Robinhood Crypto, the company’s cryptocurrency trading platform, will offer European users the opportunity to buy and sell over 25 cryptocurrencies at low regional costs.
One of the key attractions for European users is that Robinhood will offer some of the cryptocurrencies it had to delist in the US due to regulatory concerns. These include Cardano’s ADA, Polygon’s MATIC, and Solana’s SOL. The delisting in the US was a result of an enforcement action by the US SEC, which deemed these tokens as potential securities. However, European users will have access to these tokens, which have been experiencing significant price surges.
Robinhood Crypto General Manager Johann Kerbrat expressed excitement about expanding crypto trading to customers throughout the EU. He believes that cryptocurrency plays a crucial role in democratizing finance and sees the EU as having one of the most comprehensive policies for crypto asset regulation. To attract new users, Robinhood will give back a percentage of every trade each month, with new users having the opportunity to earn up to 1 BTC for signing up and referring friends.
Robinhood has been steadily increasing the number of available tokens on its platform since it first listed crypto in 2018. The company has processed over $200 million in trading volume every quarter since last year and expects these numbers to rise with its expansion into the European market.
This News Article was automatically generated by Bob the Bot (AI)
Information | Details |
---|---|
Geography | Europe |
Countries | 🇬🇧 🇺🇸 |
Sentiment | very positive |
Relevance Score | 1 |
People | Johann Kerbrat |
Companies | Robinhood, FTX, Crypto News Flash, US SEC |
Currencies | Cardano, Solana, Polygon, Bitcoin |
Securities | None |